n News analysis

In the UK alone, the
Fin Tech industry consists of
over 60,000 staff according
to a report authored by EY
in 2014, and this is increasing significantly.

Statistics show that
investments in the banking
and payments sector in the
UK accounted for 46% of
the total country’s investment last year. The demand
for Fin Tech talent is moving
as quickly as the growth of
the overall sector.

The Government has
estimated that by 2020 there
will be 100,000 employed
within a Fintech company
in the UK.

“There are plenty
of individuals moving
between Fintech start-ups,
as well as fresh faces from
university campuses to
feed this particular need,”
according to director at
Proviti, Derek Cummings.

Proviti is a global
business consulting and
internal audit company,
which retains over 3,500
staff across technology,
litigation, risk compliance
operations remits.

It seeks to “hire and
develop diverse thinkers,
from recent graduates to
experienced professionals,”
to advise over 35% of
both the FORTUNE 500
and Global 1000
corporations.

Cummings explained
the phase of growth a
Fin Tech company will
determine the hiring and
retaining challenges it will
face, and there are many a
long the way.

So, what’s so great about
being a part of the Fin Tech
sector?

Parth Desai, chief
executive officer at Pelican,
explained working for a
small firm in the Fin Tech
sector is exciting for all
involved.

“Things happen very
quickly at small and agile
Fin Tech firms, and the staff
witness the effects of their
contributions which is very
exciting to be a part of,”
Desai explained.